BSC, after the upgrade, the previous services are noticeably lagging, and there are terrifying trading volumes from Binance Alpha. Today, the nodes crashed directly; we either need to upgrade the servers, separate nodes from services, or find ways to optimize business performance.
I can't imagine that BSC will further upgrade to 0.75s; for ordinary retail investors like us, it demands even higher standards, which is quite a headache.
BSC is approaching SOL, 3s -> 1.5s -> 0.75s, and SOL is only 300 - 400ms. If it gets downgraded again, it will be just like SOL.
As for BASE, similarly, I've heard that the future flash block will be around 200ms.
It seems like the entire cryptocurrency public chain sector is engaged in a speed arms race; well, they have to find something to do, otherwise, what's the point of employing so many people in public chains? There needs to be some KPIs to report externally. It's tough for various infrastructure providers; they all need to increase their costs, servers will have to be more expensive, and of course, those at the top will likely earn more. The bots that can catch edge cases are still numerous, while many ordinary developers are likely to be eliminated. Previously, with a sufficient block time, average individuals could still struggle, but now, they are out.
Various third-party bots, such as GMGN, Pepe Boost, etc., will also likely feel the impact. The battle of milliseconds has already begun, and it’s not just on Solana.
Today has really been unfortunate, losing over 50,000 dollars, which is nearly 400,000 RMB. The most important reason for this is that @Alchemy's BSC websocket monitoring suddenly crashed, causing the automatic recording of buy transactions to fail and the automatic stop-loss not to trigger in time; otherwise, it wouldn't have been so disastrous.
Testing found that ETH/base and others are normal, but only BSC is down. Monitoring blocks, listening to my own transactions, etc., are all offline, while everything was fine yesterday.
This situation was unexpected; I never thought such a thing would happen suddenly, as it has always been very stable before. It is still advisable to add one's own node block handling or supplement with other third parties, rather than having such a single point of failure, which is too dangerous on-chain.
Binance is holding a lot of activities to attract users. Although the wallet is not user-friendly, they really pour in money.
OKX, on the other hand, is focusing on infrastructure and then finding ways to attract a bunch of project parties to become partners. It has a bit of a rural encircling the city feeling, 😄. OKX’s wallet services and APIs can be said to be the best in the world, with a sense that being slow is actually fast.